November 4th, 2026 11:16 AM by Richard Sardella MLO.100007700/NMLS 233568
The initial reactions to the elections yesterday sent the stock indexes down, it didn’t last and buying ensued, at 9 am ET the DJIA +1,116, S&P +84. Bond markets improving, crude oil lower.
There are many issues at play now, investors and traders will continue to sift out what the election will mean.
News this morning; MBA reported mortgage applications fell 1.2% in the week ended October 30, after a 3.4% rise in the previous period.
October ADP private jobs increased 86K with forecasts at 70K and unchanged from the September (revised from 90K to 86K). Pay increasing for workers changing jobs reached its fastest pace since March 2024, supported by higher base salaries, bonuses, overtime, and longer working hours.
September US trade deficit expected at -$107.9B from -$105,7B in August, reported at -$105.0B.
At 10 am October ISM services sector index thought to be 54.7.
PRICES @ 10:00 AM
10 year note: 4.93% -3 bp
5 year note: 4.73% -3 bp
2 year note: 4.61% -2 bp
30 year bond: 5.31% -2 bp
30 year FNMA 6.5: @9:30 am 101.80 +23 bp (+22 bp from 9:30 am yesterday)
30 year FNMA 6.0: @9:30 am 100.08 +23 bp (+23 bp from 9:30 am yesterday)
30 year GNMA 6.5: @9:30 am 101.72 +17 bp (+24 bp from 9:30 am yesterday)
Dollar/Yen: 158.53 -0.16 yen
Dollar/Euro: $1.1254 +$0.0062
Dollar Index: 101.38 -0.48
Gold: $4,057 +$116.00
Bitcoin: 79,510 +1725
Crude Oil: $93.19 -$2.90
DJIA: 52,860 +1074
NASDAQ: 25,928 +556
S&P 500: 7697 +128
Richard Sardella has been actively managing and providing services in the mortgage industry for over 30 years. Richard serves on the board of directors as President of Colorado Home Mortgages Inc.
All information furnished has been forwarded to you and is provided by thetbwsgroup only for informational purposes. Forecasting shall be considered as events which may be expected but not guaranteed. Neither the forwarding party and/or company nor thetbwsgroup assume any responsibility to any person who relies on information or forecasting contained in this report and disclaims all liability in respect to decisions or actions, or lack thereof based on any or all of the contents of this report.
MLO of record MLO.100007700 / NMLS#233568 / CHM NMLS#127716.